Jaxx Partners With Rootstock to Unify the Blockchain Ecosystem

Rootstock is now available on seven of Jaxx’s platforms. Anthony Di Iorio, CEO of Jaxx, announced the Rootstock integration at the Latin America Bitcoin and Blockchain Conference (laBITconf), on 5 November, in Buenos Aires, Argentina.

Enhancing the Bitcoin Ecosystem

According to Jaxx’s press release, “Jaxx becomes the first blockchain wallet to effect the integration, which will give users an opportunity to access the testnet version of the token, powered by smart contracts secured by the bitcoin network.”

Di Iorio and Diego Gutierrez, founder of Rootstock (RSK), made the announcement jointly, accompanied by excited RSK team members.

Di Iorio stated, “Rootstock’s platform is a remarkable way to enhance the efficiency of transactions and, in turn, the entire bitcoin ecosystem. We have seen great interest in their project and we are big fans of the development team. Jaxx is thrilled to add the yellow label version of their coin on our wallets, and look forward to adding the main-net version in the coming months.”

On making the announcement, Di Iorio promptly invited developers to test their products, on seven of Jaxx’s nine platforms, at the RSK Testnet Faucet. You can test your project here.

Additionally, Di Iorio noted, support for iPhone and iPad is coming soon.

Jaxx and Rootstock: Unifying the Blockchain Technologies

Di Iorio, who co-founded Ethereum, has become a leader in transformational and decentralized technologies. In effect, Di Iorio’s company created the universal wallet Jaxx, which allows users to perform transactions with multiple cryptocurrencies.

During his keynote address at the laBITconf, Di Iorio remarked that the ecosystem is hyped, with many projects are going on, and that there is even jealousy between the different projects.

Di Iorio called for unity in the ecosystem, arguing against growing polarization. He warned, “We are the disruptors, but we might end up disrupting ourselves.”

“We need a unified community with a long-term solution,” concluded Di Iorio.

The partnership of RSK and Jaxx will dramatically expand their users’ options across different platforms. This is certainly a decisive and concrete step towards a more unified ecosystem.

Securing Solutions on Top of the Bitcoin Network

The Rootstock team prioritizes security and believes that the Bitcoin blockchain provides the highest level of security and transparency. Consequently, RSK’s smart contract platform is 2-way pegged to Bitcoin.

Specifically, “RSK’s blockchain is secured by merge-mining, which means that we can achieve the same security as Bitcoin in terms of double-spend prevention and settlement finality,” states RSK’s website.

Gutierrez said, “Rootstock is not new in that it inherits intellectual work from previous projects, but what is new, is the way we create economic incentives and the way we leverage on top of the Bitcoin security model.”

“Our partnership with Jaxx is a landmark one for us because they produce full-featured, easy to use wallets on more platforms than anyone else.”

According to the press release, “Rootstock will facilitate over 300 transactions per second and confirms payments in less than 20 seconds.”

Therefore, the joint Jaxx-RSK effort will result in faster, more secure, and more transparent payment transactions. Additionally, with Jaxx’s multi-token, multi-platform technology, and philosophy of embracing the entire ecosystem, the partnership will not only make the ecosystem more efficient but also more unified.

What are your thoughts about unifying the various blockchains? Let us know in the comments below.

On May 21, 2019, a press release was sent to a variety of publications that said Craig Wright was granted… read more.

Julio Gil-Pulgar

Julio has worked for Fortune 100 companies and the United Nations. He has led projects involving IT, operational, and compliance audits, in the U.S. and throughout the world. His expertise is in IT engineering, risk management, and security. He is a Bitcoin enthusiast.

In Case You Missed It

How to Check Median BTC and BCH Transaction Fees

Transaction fees are the cost that cryptocurrency users have to bear in order to keep the system going. Fees can vary significantly between networks and it is important to be able to check this before you decide which cryptocurrency to use for making your digital payments… read more.

The Bitcoin.com Wallet: Available on all platforms

Download the Bitcoin.com Wallet right to your device for easy and secure access to your bitcoins. Perfect for beginners, the Bitcoin.com Wallet makes using and holding bitcoins easy. No logins required.